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-0.000127192300626083 4.10514832706802E-05 0.000478485321402647 0.00138700175444613 -0.00507355954719552 -0.00231436149128611 -0.00164138635569848 -0.00574653468278314
Stock impact report

UPDATE 1-UPS sees profit in U.S. Postal Service work that dragged down FedEx earnings [Yahoo! Finance]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: Yahoo! Finance
LOS ANGELES, April 23 (Reuters) - United Parcel Service expects its newly won U.S. Postal Service (USPS) air cargo contract to be profitable in its first year and throughout the more than five-year deal, after rival FedEx struggled with the business, Chief Executive Carol Tome said on Tuesday. Atlanta-based UPS will become the No. 1 USPS air cargo service provider on Sept. 30. It replaces FedEx, which was paid $1.75 billion in fiscal 2023 to provide Priority Mail and other speedy services for the quasi-governmental agency. FedEx held the contract for more than two decades, but recently struggled to squeeze out profits after the postal service shifted volume from planes to trucks in a broad cost-cutting effort. While some analysts and investors worry that UPS is sweeping up a money-losing business, the delivery firm said it can profit from the new deal because it already has a unified network. "In contrast to traditional hub and spoke models, we don't have to run all of the ai Show less Read more
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